Price based GST will boost counterfeit products, RAI writes to govt

The Retailers Association of India (RAI) has appealed to Finance Minister Nirmala Sitharaman to reconsider the implementation of price-based Goods and Services Tax (GST) rates on retail products. A group of ministers (GoM), appointed by the GST Council to review rate rationalization, has proposed changes to the tax rates on various goods. These changes include increasing the GST rate for shoes and…